BNBCalc Short Term Rental Investment Analysis 8324 Elmwood St 6, Skokie, IL 60077

3 bed • 3 bath • 9 guests • $574,900

BNB

Calc

Annual Revenue

$66,785

Profit (Cash Flow)

$5,642

Cap Rate

7.7%

Annual Revenue

$66,785

AirDNA projects $165/night at 67% occupancy ($40,377). Airbtics projects $265/night at 69% occupancy ($66,784). Airbtics predicts this property will perform in the 51% revenue percentile

BNB Calc projects a 69% occupancy rate, $265 rate per night.

Revenue Percentile (property's earnings compare to others in the market}

Percentiles	25%	50%	75%	90%
Revenue	$54,659	$59,430	$67,309	$115,861
Occupancy	54%	75%	80%	85%
Nightly Rate	$215	$245	$325	$382

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Luxe-Haus of Love—The 1938 Cape Cod \|Heated FLRS \|	$126,819	$385	90%	3	4	1	$0	❌	❌	✅	Y / Y	⭐️ 4.8 (34)
Chic & cozy 3BR house near all amenities in Skokie	$58,744	$214	75%	3	2	2	$0	❌	❌	❌	Y / Y	⭐️ 4.7 (25)
Cozy, sun drenched, spacious, perfect location!	$69,122	$266	71%	3	2	3	$0	❌	❌	✅	Y / Y	⭐️ 4.8 (40)
Cozy Home in Skokie	$54,373	$155	85%	3	2	2	$120	❌	❌	❌	Y / Y	⭐️ 4.9 (74)
3 Bed. Skokie, Morton Grove Home. 20 min to Loop	$55,519	$197	77%	3	1	2	$0	❌	❌	❌	N / Y	⭐️ 5 (24)
Vibrant 3BR Townhouse-Free Parking & Entertainment	$60,116	$219	75%	3	2	2	$0	✅	❌	❌	Y / Y	⭐️ 4.9 (8)
quite and welcoming house.	$61,873	$345	49%	3	3	1	$0	❌	✅	❌	Y / Y	⭐️ 5 (15)
City convenience in North Suburb	$41,862	$266	43%	3	2	1	$0	❌	❌	❌	Y / N	⭐️ 5 (4)
Full Modern House Near Downtown Chicago	$37,881	$225	46%	3	2	1	$0	✅	❌	❌	Y / Y	⭐️ 4.8 (8)
Culinary DREAM - Pizza Oven/BBQ/Smoker	$114,644	$382	82%	3	2	1	$0	❌	❌	✅	Y / N	⭐️ 0 (0)

Return Metrics

4% cash on cash return is a fair return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$5,641	$11,283	$16,925	$22,567	$28,209	$56,418	$169,256
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$459,920	$459,920	$459,920	$459,920	$459,920	$459,920	$459,920
Down Payment	$114,980	$114,980	$114,980	$114,980	$114,980	$114,980	$114,980
Property Appreciation	$17,247	$35,011	$53,308	$72,155	$91,566	$197,717	$820,533
Total Return	$597,788	$621,195	$645,134	$669,622	$694,676	$829,036	$1,564,689

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

Cap Rate

7.72%

Return on Investment

20.24%

8324 Elmwood St 6 Skokie, IL, 60077

3 bed • 3 bath • 9 guests

Purchase Price

Est. $2,757/mo

This property is for sale!

Contact Agent

Airbnb Investor Score

$5,641

Annual Profit

7.7%

Cap Rate

4.0%

Cash on Cash

$66,785

Annual Revenue

BNBCalc predicts this property will get $265 per night with 69% occupancy, putting it in the top 51% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 61% of comparables

Avg Daily Rate

Top 41% of comparables

Seasonality

10 Airbnb Comparables

Adjust the filters to identify similar listings to yours. Then adjust your annual revenue estimate accordingly.

$68,095

Avg annual revenue

69%

Avg occupancy rate

$265

Avg nightly rate

🏊‍♂️ Pool

🛁 Hot tub

🐶 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$35k

$65k

$95k

$130k

$5,642

Profit

Revenue

$66,785

Operating Expenses

$22,362

Operating Income

$44,423

Mortgage & Taxes

$38,781

Profit (Cash Flow)

$5,642

$140,977

Cash Investment

Down Payment

$114,980

Renos & Furnishing

$8,750

Closing Costs

$17,247

Total

$140,977

DSCR Ratio

Acceptable

1.15

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

Cap Rate

7.72%

Return on Investment

20.24%

STR Tax Calculator (USA)

On purchasing a large business asset, you can subtract the depreciation value from your taxable income in order to pay less income tax. Use this calculator to find out how much you can save. Read tax guide.

Your current annual income

Your income tax rate

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$27,285

Deductible property tax

$5,692

Your total deduction

$52,520

Your adjusted annual income

$150,000 - $52,520 = $97,480

Taxes on $97,480 (30%)

$29,244

Your old tax bill

$45,000

Your new tax bill

$29,244

Estimated tax savings

$15,756

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com

Property Overview

View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.

Lot size:

Year built:

Size:

Type:

CONDO

Parking:

Heating:

Sold Comparables

Property Details

MLS Status: Active

Property Use: CONDO

Stories: -

Lot size: -

Building area: -

Garage: No

Heating:

Pool: No

Fireplaces: -

Basement: No

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: -

Land Use: -

Parcel Number: -

Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD

Tax Info

Year Assessed:

Assessed Value: -

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: -